Norway consistently performs highly in world rankings on resilience, talent, competitiveness, environmental performance, and ease of doing business, making it a desirable place to establish a business.
When thinking of expanding your business abroad, have a look at Norway that offers a host of advantages for many entrepreneurs. It boasts the highest GDP per capita in the world and has a strong business-friendly environment. Furthermore, the government has actively supported the development of several digital solutions, the most well-known and used being the BankID-app.
BankID is a mobile app offered by a person’s or company’s bank and can be used by both foreigners living in Norway and locals. Developed by the Norwegian banking sector in 2004, the program was designed to simplify customers’ access to banks and other public digital services. Currently, 4.3 million Norwegians already have BankID, making it a popular and well-used program.
Businesses often use BankID for its quick and secure way of signing documents and contracts digitally. By downloading the app and contacting their bank, companies can be issued a BankID and get started with the program. BankID-app also allows companies to access their bank account, access public services such as checking tax information, submitting financial statements, and communicating with authorities.
Though the BankID-app is effective, it is slated to be replaced by a newer and more user-friendly solution. This could be a problem for the older demographic who may struggle with technology, but this is a common problem with the implementation of new technologies than needs to be handled.
Overall, the BankID-app is an effective solution for businesses looking to quickly and securely access their bank accounts and sign documents digitally. It is a useful tool for any business looking to expand operations to Norway.
If your business plan calls for company establishment in Norway rest assured, you do not have to do it alone. Leinonen team has been helping companies gain a foothold in Northern, Central and Eastern Europe for more than 30 years by providing them with practical on-the-ground assistance in everything from obtaining visas to leasing space.
Our Norwegian team will gladly facilitate your entry into the Norwegian market and make it much faster and simpler than you ever imagined.
You can find helpful resources about Norwegian BankID-app or company establishment topics on the following websites:
- InvestinNorway.no: https://businessnorway.com/invest-in-norway
- Introduction of BankID: https://www.bankid.no/en/private/
- Leinonen Norway: https://leinonen.eu/nor/services/
